HRM and the Globalized Economy Analytical Essay

HRM and the Globalized Economy
Looks at the role played by human resource management (HRM)i n today's globalized economy.
# 151623 | 2,835 words | 11 sources | APA | 2012 | US
Published on Aug 04, 2012 in Business (Management) , Business (Human Resources) , Labor Studies (General)


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Description:

This paper begins by stressing that human resources management (HRM) is now known to be central to an organization's response to the ever-altering and uncertain global business environment. Next, the author describes and underscores that the main advantages of effective human resource practices are attracting more qualified and competent people and motivating employees who perform well and remain with the company. The paper relates that, unless HRM is managed efficiently, its costs can be a major disadvantage.

Table of Contents:
Introduction
Human Resources and Human Resources Department
Relation between Human Resource Practices and Employee Motivation
Advantages and Benefits of Human Resource Practices
Influence of Human Resource Policies on Organizational Strategies
Influence of Human Resource Policies on the People of Organization
Disadvantages and Drawbacks of Human Resource Practices
Conclusion

From the Paper:

"Many studies and researches have shown that the success and growth of any organization is directly dependent on highly motivated and satisfied employees and workforce. Employees will perform well only if they are satisfied with their job and are motivated enough. Job satisfaction is the essential element for increasing the productivity of the workforce. Therefore human resource department should ensure that employees are satisfied with their jobs.
"It is the job of the human resource department to access and analyze the performance and productivity of the workforce and to strive for increasing and improving performance of employees. For this reason most of the human resource policies and practices are directed towards enhancing and improving the level of motivation and satisfaction of the workforce. The human resource practices and policies of any organization strive to generate positive attitude about the job among the employees which in turn results in high job satisfaction and motivation. All these factors increase the productivity of employees and thus, the productivity of overall organization would increase.
"It can be said that the human resource management practices are a crucial tool for increasing the motivation of the employees and for encouraging them to work towards the achievement and accomplishment of goals and objectives of the organization."

Sample of Sources Used:

  • Arthur, J. (1994). Effects of human resource systems on manufacturing performance and turnover. Academy of Management Journal, 37, 670-687.
  • Compton, F., & Nankervis, A. (1998). Effective Recruitment & Selection Practices. Australian Print Group: Australia.
  • Huselid, M. (1995). The impact of human resource management practices on turnover, productivity, and corporate financial performance. Academy of Management Journal, 38, 635-672.
  • Kleiner, M., Block, R., Roomkin, M., & Salzburg, S. (1987). Human resources and the performance of the firm. Madison, WI: University of Wisconsin. Level measures of performance. Personnel Psychology, 46, 27-48.
  • MacDuffie, J. (1995). Human resource bundles and manufacturing performance: Organizational logic and flexible production systems in the world auto industry. Industrial and Labor Relations Review, 48, 197-221.

Cite this Analytical Essay:

APA Format

HRM and the Globalized Economy (2012, August 04) Retrieved January 28, 2022, from https://www.academon.com/analytical-essay/hrm-and-the-globalized-economy-151623/

MLA Format

"HRM and the Globalized Economy" 04 August 2012. Web. 28 January. 2022. <https://www.academon.com/analytical-essay/hrm-and-the-globalized-economy-151623/>

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